To run a quick background...
- 18 years old
- Annual Income = $40,000 net HVAC Apprentice (Non-Union) and barback part time
- $31,000 in savings account
- $19,000 in Roth IRA (Maxed out every year since 2018)
- Still live with my parents paying $150 a month in rent. (on good terms with them)
- Credit is 720 atm
*Knowing this, I ask what should I consider next? I’m currently not going through school however I plan on going for HVAC certifications being that on paper I’m just a high school graduate. I’m getting payed training through the company I work for and want to not only accelerate my career in this trade but accelerate my financial well-being. I’ve been a Dave Ramsey listener since I was 16 and I’m currently on Baby Step 3b in which I’m suppose to save for a down payment on a house. (Don’t get me wrong, I want to move out, however 4% of my income going to rent is really nice to have, compared to paying 25-30%). So I would like to know what to consider next whether it be buy a property, try to make myself more marketable by getting more certifications, and/or investing more towards my future.
P.S. I’m still going to contribute the max each year for my Roth IRA. And for anyone wondering how I have $19,000 in my Roth at 18, I contributed $11,500 before the April 15th deadline then just put in another $6,000 for 2020 contribution in early January.
Looking forward to the responses and the advise :)
Submitted January 20, 2020 at 08:16PM by Richie_Pee https://ift.tt/2RzFLdt
